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FIS Prepaid Solution Offers New Levels of Convenience for Lowe's Professional Customers

[August 10, 2017]

FIS Prepaid Solution Offers New Levels of Convenience for Lowe's Professional Customers

Lowe's, one of the world's largest home improvement companies, has
selected a prepaid payment solution from FIS™
(NYSE: FIS), a global leader in financial services and payment
technology, to provide new levels of service and convenience to its
professional customers.

Lowe's new payment solution, Lowe's
PreLoad, uses the FIS BizNOW
prepaid solution to provide contractors, construction professionals and
other businesses the ability to purchase job-site equipment and other
necessities without the need for personal or corporate cards. The new
payment system, now available at Lowe's stores nationwide and on LowesForPros.com,
allows professionals to automate the full range of purchasing
activities, from budgeting and allocation of funds to real-time tracking
and visibility of expenditures. Lowe's PreLoad also offers pros 5% off
purchases every day.

"Many professional contractors are too small to have the resources to
maintain credit cards for every employee who may have to make a work
purchase," said Bruce Lowthers, head of FIS Payments. "Lowe's use of
FIS' BizNOW solution will give those companies complete control over
their expenses, adding simplicity and flexibility to how they pay for
their work-site essentials."

With $65 billion in sales, Lowe's is one of the largest home improvement
companies in the world. It has more than 17 million customers each week
at its more than 2,370 stores across the United States, Canada and
Mexico.

FIS is a global leader in financial services technology, with a focus on
retail and institutional banking, payments, asset and wealth management,
risk and compliance, consulting, and outsourcing solutions. Through the
depth and breadth of our solutions portfolio, global capabilities and
domain expertise, FIS serves more than 20,000 clients in over 130
countries. Headquartered in Jacksonville, Fla., FIS employs more than
53,000 people worldwide and holds leadership positions in payment
processing, financial software and banking solutions. Providing
software, services and outsourcing of the technology that empowers the
financial world, FIS is a Fortune 500 company and is a member of
Standard & Poor's 500® Index. For more information about
FIS, visit www.fisglobal.com.